
State by State Resources
State Collection Law Summary
Compiled by CLLA Staff
A - C
Interest Rate
Legal: 6%
Judgment: 12%
Statute of Limitations
Open Acct: 3
Written Contract: Not under seal 6, Under seal 10
UCC: 4
Domestic Judgment: 20
Foreign Judgment: 20
Interest Rate
Legal: 10.5%
Judgment: 10.5% or contractual
Statute of Limitations
Sale of Goods: 4
Written Contract: 3(changed 1997)
Domestic Judgment: 10
Foreign Judgment: 10
Interest Rate
Legal: 10%
Judgment: 10% or contractual
Statute of Limitations
Open Acct: 3
Written Contract: In Arizona 6, Outside Arizona .4
Domestic Judgment: 5 (additional 5 upon request(indefinitely)
Foreign Judgment: 4
Interest Rate
Legal: 6% or 5 points above the federal discount rate
Judgment: 5 points above the federal discount rate or 10% per annum,
whichever is less
Statute of Limitations
Open Acct: 3 - Written Contract: 5 (partial payment stops
the statute from running)
Sales of Goods: (UCC-2) - 4
Domestic Judgment: 10 - Renewable
Foreign Judgment: 10
Interest Rate
Legal: 10%
Judgment: 10% (unless otherwise contracted)
Statute of Limitations
Open Acct: Reduced to writing - 4, No writing - 2
Written Contract: 4
Domestic Judgment: 10(commencing with judgment debtor’s
commencement of CA residence)
Interest Rate Legal: 8% Judgment: 8% (higher if specified in contractor note) Statute of Limitations Open Acct: 6 Written Contract: 6 (signed promissory note) Written Contract Goods Services: 3 Domestic Judgment District Court: 20 (renewable every 20) County Court: 6 (renewable every 6 ) - Foreign Judgment 6 in Colorado
C - H
Interest Rate
Legal: 8%
Judgment: 10%
Statute of Limitations
Open Acct: 6
Written Contract: 6
Oral Contract: 3
Domestic Judgment: 20/25
Small Claims Judgment: 10/15
Foreign Judgment: 20
Interest Rate
Legal + Judgment
Federal Reserve Discount Rate plus 5% points
Statute of Limitations
Sale of Goods: 4
Open Acct: 4
Written Contract: 3
Domestic Judgment: No provision
Foreign Judgment: No provision
Interest Rate
Legal: 6%
Judgment: 70% of interest rates on taxes to IRS
Statute of Limitations
Open Acct: 3
Written Contract: 3
Domestic Judgment: 20
Foreign Judgment: Foreign Statute
Interest Rate
Legal: 10%
Judgment: 10% or contractual
Statute of Limitations
Open Acct: 4
Written Contract: 5
Domestic Judgment: 7(renewable)
Interest Rate
Legal: 7%
Commercial Judgment: 12%
Commercial Accounts: 18%
Statute of Limitations
Open Acct: 4
Written Contract: 6
Domestic Judgment: 7
Foreign Judgment: 5
Interest Rate
Legal: 10%
Judgment: 10% (no written contract)
Statute of Limitations
Sales of Goods: 4
Open Acct: 6
Domestic Judgment: 20
Foreign Judgment: 6 for regis; 10 after regis
I - L
Interest Rate
Legal: 12%
Judgment: 10.875% plus the base rate
Statute of Limitations
Open Acct: 4
Oral Contract: 4
Written Contract: 5
Domestic Judgment: 5 (renewable)
Foreign Judgment: 6 (renewable)
Interest Rate
Legal: 5%
Judgment: 9%
Statute of Limitations
Sales(UCC): 4
Open Acct: 3
Written Contract: 10
Domestic Judgment: 20
Foreign Judgment: Same as foreign jurisdiction
Interest Rate
Legal: 8%
Statute of Limitations
Open Acct: 6
Written Contract for payment of money: Executed before 9/1/82: 10,
Executed after 8/31/82: 6
Written Contract (other than payment of money): 10
Domestic Judgment: 10
Foreign Judgment: 10
Interest Rate
Legal: 5%
Judgment: 10%
Statute of Limitations
Open Acct: 5
Written Contract: 10
Domestic Judgment: 10(renewable in the next year)
Foreign Judgment: 10(renewable in the next year)
Interest Rate
Legal: 10%
Judgment: 4 percentage points above the discount rate
Statute of Limitations
Open Acct: 3
Written Contract: 5
Domestic Judgment: 5(renewable)
Foreign Judgment: 5(renewable)
Interest Rate
Legal: 8%
Judgment: 12%
Statute of Limitations
Open Acct: 5
Written Contract: 15
Oral Contract: 5
Domestic Judgment: 15
Interest Rate(1996)
Legal: 9.75%
Judgment: 9.75%
Statute of Limitations
Open Account: 3
Written Contract: 10
Promissory Notes: 5
Domestic Judgment: 10
Foreign Judgment: 10
M
Interest Rate
Legal: 8%
Judgment: 15% annual (less than $30,000)
T-Bill rate over $30,000
Statute of Limitations
Open Acct: 6
Written Contract: 6+20(domestic attestation)
Domestic Judgment: 20
Foreign Judgment: 20
Interest Rate
Legal: 6%
Judgment: 10% or contractual
Statute of Limitations
Open Acct: 6
UCC: 4
Specialty: 12(contract under seal)
Written Contract: 3
Domestic Judgment: 12
Foreign Judgment: 12
Interest Rate
Legal: 6%
Judgment: 12
Contract: 12%
Statute of Limitations
Open Acct on Contract: 6
Domestic Judgment: 20 (presumed satisfied after 20 years)
Foreign Judgment: 20
Contract Under Seal: 20
Interest Rate
Legal: 5%
Judgment: 6,953 changes semi-annually
Usuary Limit: 25%
Statute of Limitations
Open Acct: 6
Written Contract: 6
Sales(UCC) Contract: 4
Domestic Judgment: 10(renewable)
Foreign Judgment: 10
Interest Rate
Legal: 6%
Judgment: 5% (changes yearly) Business or Agricultural Loan: 4 1/2%
over federal discount rate
Statute of Limitations
Goods Sold and Delivered (UCC): 4
Open Acct: 6
Written Contract: 6
Transportation Service: 3
Domestic Judgment: 10
Foreign Judgment: 10
M - N
Interest Rate
Legal: 8%
Judgment amount in contract, if no contract amount, court decides.
Statute of Limitations
Open Acct: 3
Written Contract: 3
UCC: 6
Domestic Judgment: 7
Foreign Judgment: 7(3 if resident)
Interest Rate
Legal: 9%
Judgment: 9%
Statute of Limitations
Sale of Goods: 4
Open Acct: 5
Written Contract: 10 (money and property)
Domestic Judgment: 10 (revived every 10 years)
Foreign Judgment: 10 (revived every 10 years)
Interest Rate
Legal: 10%
Judgment: 10%
Statute of Limitations
Contract: Not in writing 5
Written Contract: 8
Domestic Judgment: 10(District Court)
Justice of Peace Judge: 10
Tort Claim (Subrogation) Prop and Personal: 3
Interest Rate
Legal: 12% per writter instrument or contract rate
Judgment: 2% or above the bond investment yield on the 28-week U.S.
Treasury Bill
Statute of Limitations
Open Acct: 4
Written Contract: 5
Domestic Judgment: 5 (renewable every 5)
Foreign Judgment: 5 (non-renewable)
Interest Rate
Contract rate always prevails.
If No Contract: Pre-Judgment: Statutory rate = 2% over prime as
determined by 3 largest Nevada banks and adjusted every 6 months.
Judgment: same as pre-judgment
Statute of Limitations
Open Acct: 4
Written Contract: 6
Lease: 4
Domestic Judgment: 6
Foreign Judgment: 6
Interest Rate
Judgment (2005): 4%
Statute of Limitations
Open Acct: 3
For Goods: 4
Written Contract: 3
Domestic Judgment: 20
Foreign Judgment: 20
N
Interest Rate
Legal: up to 30% - as provided for by contract
Judgment changes yearly. In 2005 - 1% or judgments up to $15,000. On
judgments in excess of 415,000, an additional 2% is added to the interest rate.
Statute of Limitations
Open Acct: 6
Sales of Goods: 4
Written Contract: 6
Domestic Judgment: 20
Foreign Judgment: 20
Interest Rate
Judgment: 8.75% (in the absence of a written contract)
Statute of Limitations
Open Acct: 4
Written Contract: 6
Domestic Judgment: 14
Interest Rate
Legal: 16%
Statute of Limitations
Open Acct: 6
Sales of Goods: 4
Written Contract: 6
Domestic Judgment: 20(10-year renewable lien)
Foreign Judgment: 20(10-year renewable lien)
Interest Rate
Legal: 8%
Judgment: 8%
Statute of Limitations
Open Acct: 3
Sales of Goods: 4
Written Contract: 3
Domestic Judgment: 10
Foreign Judgment: 10/p>
Interest Rate
Legal: 6%
Judgment: 12%
Statute of Limitations
Open Acct for Services: 6
Sales of Goods: 4
Written Contract: 6
Domestic Judgment: 10(renewable)
Foreign Judgment: 10(renewable)
O - P
Interest Rate(1996)
Legal: 1% above short rate pursuant to Ohio
Revised code 134303 (for 2005 rate is 5%)
Statute of Limitations
Open Account: 6
Sales Contract (UCC2-725)
Written Contract: 15
Interest Rate
Legal: 6% unless specified in contract
Judgment: 5.63% for 2003 (4% over U.S.
Treasury Bill Rate of previous year) Statute of Limitations
Sale of Goods Governed by UCC: 5
Open Acct: 3
Written Contract: 5
Domestic Judgment: 5
Foreign Judgment: 3
Interest Rate
Statutory + Judgment: 9% simple
interest per annum (unless specified
by contract)
Statute of Limitations
Open Acct: 6
Sales of Goods: 6 (4 years UCC transaction)
Written Contract: 6
Domestic Judgment: 10(renewable at 10)
Foreign Judgment: 10
Interest Rate
Legal: 6%
Judgment: 6%
Statute of Limitations
Open Acct: 4
Written Contract: 4
Domestic Judgment 5 (writ of revival within 5 years)
Foreign Judgment: 4
Interest Rate
Legal: 6%, charges every 6 months
(01/01/2005-06/30/2005)
Judgment regulated by the
Commissioner of the Board of
Financial Institutions every 6 months
Statute of Limitations
Open Acct: 3
Merchandise Open Acct: 3
Written Contract: 15
Mortgage: 20
Domestic Judgment: 15
Foreign Judgment: 15
R - U
Interest Rate
Legal: 12% - Judgement 12%
Statute of Limitations
Open Acct: 10
Written Contract: 10
Domestic Judgment: 20
Foreign Judgment: 20
Interest Rate
Legal: 8.75%
Judgment: 12%
Statute of Limitations
Open Acct: 3 - see SC Code Section 36-2-725
Sales Goods (UCC): 6
Written Contract: 3
Written Contract Under Seal: 20
Domestic Judgment: 10
Foreign Judgment: 10
Interest Rate
Legal: 12%
Judgment: 10%
Statute of Limitations
Open Acct: 6
Sale of Goods: 4
Written Contract: 6
Domestic Judgment: 10(renewable for 10)
Foreign Judgment: 10
Interest Rate
Legal: 10%
Judgment: 10% (or contract rate, whichever is greater)
Statute of Limitations
Open Acct: 6
Written Contract: 6
Domestic Judgment: 10
Foreign Judgment: 10
Interest Rate
Legal: 18% with agreement, can
change up to 6% without an
agreement
Statute of Limitations
There is a 4-year limitation period for
varying types of debt. The Statute of
limitations begins to run the day after cause of action accrues (Section 16.004(1)(3)).
Interest Rate
Legal: 10%
Judgment: 3.41%
Statute of Limitations
Open Acct: 4
Written Contract: 6
Domestic Judgment: 8
Foreign Judgment: 8
V - W
Interest Rate
Legal: 12%
Judgment: 12%
Statute of Limitations
Retail Installment Contracts: 3
Witnessed Promissory Note: 14
Open Acct: 6
Written Contract: 6
Domestic Judgment: 8
Foreign Judgment: 8
Interest Rate
Legal: 8%
Judgment: 9% or contract rate, whichever is higher
Statute of Limitations
Open Acct: 3 last charge or payment
Written Contract: 5
Domestic Judgment: 20
Foreign Judgment: 20
Sales of Goods Under Article 2: 4 years
Interest Rate
Legal: 12%
Judgment: 12%
Statute of Limitations
Open Acct: 6
Written Contract: 6
Domestic Judgment: 10(renewable)
Foreign Judgment: 10(renewable)
Interest Rate
Legal: 6% (Contract rate prevails.
Contract rate can vary between 18%
and 31% max)
Judgment: 10%
Statute of Limitations
Open Acct: 5
Written Contract: 10
Domestic Judgment: 10
Foreign Judgment: 10
Interest Rate
Legal: 7%
Judgment: Contract rate or 10% judgment rate
Statute of Limitations
Open Acct: 8
Written Contract: 10
Judgment: 21
* While every effort has been made to verify the accuracy of this information prior to publication, it is not intented as legal advice. It should not be used to replace the advice of legal counsel.
Industry Associations
Samuel J. Gerardo, Executive Director
44 Canal Center Plaza, Suite 400
Alexandria, VA 22314
703-739-0800
Fax: 703-739-1060
E-mail: info@abiworld.org
Web Site: www.abiworld.org
The Association of Credit and
Collection Professionals
Gary Rippentrop, CEO
P.O. Box 390106
Minneapolis, MN 55439
952-926-6547
Fax: 952-926-1624
E-mail: pr@acainternational.org
Web Site: www.acainternational.org
Emil Hartleb, Executive Director
P.O.Box 205
Cedar Grove, NJ 07009
973-239-0721
Fax: 973-755-0402
E-mail: ehartleb@ccacollect.com
Web Site: www.ccacollect.com
David R. Watson, Executive Vice
President
70 East Lake Street, Suite 630
Chicago, IL 60601
312-781-2000
Fax: 312-781-2010
E-mail: info@clla.org
Web Site: www.clla.org
Professor Alvin C. Harell, Executive
Director
c/o Oklahoma City University School of Law
2501 North Blackwelder
Oklahoma City, OK 73106
405-521-5089
Fax: 405-521-5089
Web Site: www.theccfl.com
Dennis Hammond, President
10440 Pioneer Boulevard, Suite 2
Santa Fe Springs, CA 90670
562-903-7222
Fax: 562-903-7277
E-mail:
dennis.hammon@debtconnection.com
Web Site: www.debtuyers.com
Ted M. Smith, Executive Director
4040 West 70th Street
Minneapolis, MN 55435
952-925-0760
Fax: 952-926-1624
E-mail:
iacc@commercialcollector.com
Web Site: www.commercialcollector.com
Christina Hicks, Executive Director
One Windson Cove, Suite 305
Columbia, SC 29223
800-445-8629, 803-252-5646
Fax: 803-765-0866
E-mail: info@nabt.com
Website: www.nabt.com
National Associations of Consumer
Bankruptcy Attorneys
Maureen Thompson, Legislative Director
2300 M Street, Suite 800
Washington, DC 20037
703-276-3251
Fax: 703-841-9327
E-mail: maureen@nacba.org
Web Site: www.nacba.org
Robin Schauseil, President
8840 Columbia 100 Parkway
Columbia, MD 21045-2158
410-740-5560
Fax: 410-740-5574
E-mail: nacm_info@nacm.org
Web Site: www.nacm.org
Cindy White, Executive Director
16201 Street NW, Slite 615
Washington, DC 20006
800-633-6069, 202-0706
Fax: 202-463-8489
E-mail: narca@narca.org
Web Site: www.narca.org
Jonathan W. Cuneo, Principal
Washington, DC 20002
202-789-3963
Fax: 202-789-1813
Gloria Isackson, Executive Director
7301 Ohms Lane, Suite 205
Ecina, MN 55439
800-574-9961, 952-835-8700
Fax: 952-835-8708
E-mail: gloria@subrogation.org
Web Site: www.subrogation.org
c/o Christine Molick, Executive
Director
241 Aristides Drive
Irmo, SC 29063
803-749-4115
Fax: 803-749-4116
Web Site: www.ncbj.org
Government Agencies
Alberto R. Gonzales, Attorney
General
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001
202-353-1555
E-mail: askdoj@usdoj.gov
Web Site: www.usdoj.gov
Financial Management Service
Richard Gregg, Commissioner
401 14th Street SW
Washington, DC 20227
202-874-6950
Fax: 202-874-6743
Web Site: www.fms.treas.gov
Rob Portman, Director
725 17th Street NW
Washington, DC 20503
202-395-3080
Fax: 202-395-3888
Web Site: www.whitehouse.gov/omb